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Why Kenya is eyeing Sh22bn Samurai loan
Japan, as a sovereign, ranked as Kenya’s third largest bilateral lender at the end of 2024 with Sh79.5 billion outstanding as of December 2024, behind only China and France, whose outstanding debt was Sh692.6 billion and Sh90.2 billion, respectively.
Kenya has tapped Sh21.8 billion ($169.42 million) in Samurai financing from Japan, the first such facility, whose proceeds will be directed towards local motor vehicle assembly and energy sectors.
Samurai financing refers to debt denominated in the Japanese Yen and subject to Japanese regulations.
